Abu Dhabi Oil Shake-Up: Hold On To Your Hats

The past 12 months have seen Abu Dhabi’s oil and gas sector shaken up and more change is coming. But a commitment to boosting crude output capacity to 3.5mn b/d by 2018 remains constant. It has also announced ambitious, if vague, refining and petrochemical expansion plans.

Abu Dhabi’s Supreme Petroleum Council on 2 November approved state firm Adnoc’s 2030 strategy and its latest five-year business plan - to 2022. The strategy “ reaffirms Adnoc’s intent to...